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Gyanchandra Charitable Club has income of Rs.20,000/- and deficit debited to capital fund of Rs.5,000/-for the year 2021-22, then expenditure for 2021-22 is

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Rs.30,000/-

Rs.5,000/-

Rs.25,000/-

Rs.15,000/-

answer is A.

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Detailed Solution

Expenditure – income = deficit

$∴$ expenditure = deficit + income
25,000 = 5,000 +20,000

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